{"id":16818,"date":"2021-04-13T16:33:52","date_gmt":"2021-04-13T16:33:52","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=16818"},"modified":"2026-04-23T20:24:11","modified_gmt":"2026-04-23T23:24:11","slug":"blackstone-adds-conditions-to-crown-resorts-bid","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/blackstone-adds-conditions-to-crown-resorts-bid","title":{"rendered":"Blackstone adds conditions to Crown Resorts bid"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Blackstone Group Inc has added new conditions to its bid for Crown Resorts including the condition that it does not lose state casino licences.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Australia.- <strong>Blackstone Group Inc<\/strong> has <strong>sent a letter to Crown Resorts adding conditions <\/strong>to its bid to acquire the casino operator.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The investment group,<strong>\u00a0which already has a 10 per cent holding in Crown<\/strong>, has made an unsolicited non-binding offer to\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/blackstone-makes-au8bn-offer-to-acquire-crown-resorts\"><em>acquire all remaining shares for AU$11.85 cash per share<\/em><\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Blackstone has now added a condition clarifying that <strong>it won&#8217;t move ahead if either of Crown\u2019s existing licences are suspended<\/strong>\u00a0or if its New South Wales licence is not granted.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Blackstone Group also advised that <strong>it wants approval from each state regulator<\/strong>\u00a0before making the acquisition. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Yesterday, <em><a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/western-australia-begins-royal-commission-into-crown\">Western Australia\u2019s Royal Commission<\/a><\/em> began its probe into\u00a0<strong>Crown Resorts&#8217; suitability<\/strong>\u00a0to continue holding a casino gaming licence for Crown Perth.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Meanwhile, Crown founder&nbsp;<strong>James Packer<\/strong>&nbsp;has said&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/james-packer-is-open-to-selling-37-per-cent-stake-in-crown\" rel=\"noreferrer noopener\"><em>he is open to selling his 37 per cent stake in the casino group<\/em><\/a>.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Blackstone Group Inc has added new conditions to its bid for Crown Resorts including the condition that it does not lose state casino licences.<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Blackstone Group Inc. has appended critical licensing conditions to its unsolicited bid for Crown Resorts, stipulating that the acquisition is contingent upon the retention of existing state casino licenses and the granting of the New South Wales license. This development coincides with the Western Australia Royal Commission's ongoing suitability probe into Crown Perth and founder James Packer's expressed willingness to divest his significant stake.","focusai_entities":"Blackstone Group Inc, Crown Resorts, James Packer, Western Australia's Royal Commission","focusai_location":"Australia, New South Wales, Perth, Western Australia","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (0.8), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Regulatory Impact on Bid","query":"How do the explicit licensing conditions introduced by Blackstone Group Inc. alter the risk profile and timeline for the proposed acquisition of Crown Resorts, particularly given the ongoing Western Australia Royal Commission?"},{"label":"Crown's Strategic Options","query":"What are the strategic implications for Crown Resorts' board and its existing shareholders, including James Packer, in light of Blackstone's conditional offer and the heightened regulatory scrutiny across multiple Australian jurisdictions?"}],"footnotes":""},"categories":[16336,157,158],"tags":[16237,14657],"class_list":["post-16818","post","type-post","status-publish","format-standard","hentry","category-australasia-news","category-business-news","category-slider-home","tag-blackstone-group","tag-crown-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/16818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=16818"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/16818\/revisions"}],"predecessor-version":[{"id":16847,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/16818\/revisions\/16847"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=16818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=16818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=16818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}